Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump on Thursday signed an executive order approving a proposal that would keep TikTok alive in the U.S. in a transaction that Vice President JD Vance said values the business at $14 billion.The deal satisfies the requirements of a national security law requiring China-based ByteDance to sell TikTok’s U.S. operations or face an effective ban in the country, according to the executive order. Under the terms, which China must still approve, a new joint-venture company will oversee TikTok’s U.S. business, with ByteDance retaining less than a 20% stake.Enterprise tech giant Oracle,…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — There are a million reasons why an insider might sell their own company’s stock; it’s a large part of their compensation, they need to get liquid for a real estate transaction, paying for a daughter’s wedding, diversifying a portfolio, etc. But there’s only one reason why an insider would buy: They think the stock is undervalued and that it’s going higher. At least, that’s the way I learned it. Back in the day, as a retail…
Lisa Cook, governor of the US Federal Reserve and governor nominee for US President Joe Biden, during a Senate Banking Committee nomination hearing in Washington, DC, US, on Wednesday, June 21, 2023. Anna Rose Layden | Bloomberg | Getty ImagesLawyers for Federal Reserve Governor Lisa Cook on Thursday argued that the Supreme Court should reject President Donald Trump’s request that he be allowed to fire her pending the outcome of her lawsuit challenging her removal.”The President’s stay application asks this Court to act on an emergency basis to eviscerate the independence of the Federal Reserve Board,” Cook’s lawyers wrote in…
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other Senate Democrats encouraging the passage of Affordable Care Act tax credits, in Washington, DC on September 16, 2025. Nathan Posner | Anadolu | Getty ImagesHealth-care providers could lose more than $32 billion in revenue if the Affordable Care Act’s enhanced premium tax credits expire this year, as they are on track to do, according to an analysis released Thursday.The lapse in Obamacare subsidies could also lead to an additional $7.7 billion in unpaid medical bills from uninsured patients, the analysis by the Robert Wood Johnson Foundation and…
Patient investors with a long-term horizon can look at the rapidly growing quantum computing market for opportunities, according to Bank of America. Quantum computing stocks have been a volatile play this year amid concerns that the risky technology is still in its infancy, while the stocks may have risen too far, too fast and sport high valuations. Still, Wall Street is bullish on the field long term, given its potential advancements across industries — from pharmaceuticals to finance to security — and for the potential to deliver outsized returns once commercialization ramps up. Bank of America forecasts the quantum computing…
We’re buying 20 more shares of Danaher at roughly $180 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 470 shares of DHR, increasing its weighting to about 2.31% from about 2.22%. While Danaher has certainly been one of a handful of problematic stocks in the portfolio, we are stepping into the name here, as we think Thursday’s 3% move lower is overdone. One key investing principle that we have long held, and that has come back to bite us when we didn’t adhere to it, is that giving up on value is a sin. Danaher does have its…
House Minority Leader Hakeem Jeffries (D-NY) speaks during a press conference as the U.S. House of Representatives considers U.S. President Donald Trump’s sweeping tax-cut bill, on Capitol Hill in Washington, D.C., U.S., May 19, 2025.Nathan Howard | ReutersHouse Minority Leader Hakeem Jeffries said Thursday that Democrats will not be “intimidated” by the Trump administration’s warning to federal agencies to prepare for mass firings if the government shuts down next week.”Republicans control the House, the Senate and the presidency,” Jeffries, D-New York, told reporters, just days before next week’s deadline for reaching a stopgap funding deal to avoid a federal shutdown.”If…
Aerospace and defense stocks have experienced strong gains through the course of 2025. While shares of L3Harris Technologies (LHX) have demonstrated positive momentum over the past four months, a recent breakout suggests further upside potential for this defense giant. The daily chart of LHX turned quite bullish in mid-May when the price pushed above $220. This breakout propelled the stock above the 200-day moving average as well as key resistance from the January, March, and April highs. Note how the RSI became overbought on that breakout, confirming strong upside momentum during this uptrend phase. We also observed a series of secondary breakouts in…
Microsoft President Brad Smith, left, speaks at a press conference on future visions for the development and application of artificial intelligence in education in North Rhine-Westphalia at the Representation of the State of North Rhine-Westphalia in Berlin on June 4, 2025. To his right is Hendrik Wüst (CDU), Minister President of North Rhine-Westphalia, in front of the sign “From coal to AI.”Soeren Stache | Picture Alliance | Getty ImagesMicrosoft said Thursday that it has stopped providing certain services to a division of the Israeli Ministry of Defense. The company did not say which specific services it had stopped providing.The decision…
Oracle, Silver Lake & Abu Dhabi’s MGX will be main investors in TikTok’s U.S. business, sources told CNBC’s David Faber on Thursday. Those three entities will control roughly 45% of TikTok USA, Faber reported. ByteDance, TikTok’s Chinese parent, will own 19.9%, with the remaining 35% in the hands of ByteDance investors. President Donald Trump will sign an executive order on Thursday backing the proposed deal that will keep the social media app running in the U.S.Backers of ByteDance, including General Atlantic, Susquehanna and Sequoia, are expected to contribute equity in the new TikTok USA, sources told Faber.This is breaking news. Please refresh…
